Explanation:
The timeframe of this analysis is on the weekly. So it is based on the longer timeframe.
Usually I use Fibonacci to analyse assets. Most of the time the Fibonacci retracement of a certain coin goes into a so called reload zone. This zone is between the Fibs numbers 0.786 and 0.618. But there is also a strong support level with Fibonacci numbers, it...
I believe we may be seeing NIM at above 1 cent soon. Setup seems to be very bullish at the moment. Strong move up with the RSI and prices have held for a few days pushing up against resistance. Same can be seen on the NIMBTC chart.
This for educational purposes. Not intented for investment advice. Using Stage Analysis to study a potential breakout. I did this for my son who is a cryptocurrency miner and has been mining Nimiq.
This is for long position analysis of entry for the investor (not the trader). I will follow up with a trading educational video on shorter time frame.
NIM is in a...
